Hi community, I have just finished paying school loans and am looking for advice on start my own portfolio for investments. How do you start a portfolio?

I'll give you a piece of advice.

There is no substitute for hard work. If everyone could invest money, magically multiply it by a 100 in 3-6 years, we all wouldn't need to work.

So while your portfolio is good with time frame, manage your expectations and realize that it takes time for portfolios to grow. Especially if your starting capital is simply from your income earned.

Speak to an advisor to cut short your learning curve. Work with one together and you will be able to grow and manage risks in your portfolio better than learning it ground up.

The truth of the matter, if you are like most people, 95% of your wealth will come from your career or business. Investments are simply a way to keep and retain your wealth.

The biggest return on money will always be from your two hands.​​​

Congrats...i feel u.. a relief.

First i need to understand your question, you are going for stock picks or using robo advisor?

Personally i got try couple of platforms, be it investment linked from insurance companies, FSM and Interactive Brokers, to Robo advisors..

My feel at the moment for beginner investors...is try out Robo Advisors ( i would like to reccommend Investment Linked Plan, however alot of negative views) well, the understanding of the product is not well know by the public... so i would ask you try out Robo advisors- Stashaway. Why stashaway?

1: user friendly interface

2: Primarily focus on ETFs

3: all your 3 portfolio goals can be solved by stashaway.

4: you can still perform DollarCostAveraging manually with no charges. DCA daily, weekly or monthly. or you can set weekly deduction or monthly deduction.

for part 4, the key word is manually or automatic.

Now come to your question...

1 and 2: By doing Stashaway, you will be assess by their algorithm...you can still adjust your risk index if you like it. and depending on your risk index, your % of growth/ ETFs will be allocated accordingly.

If you are looking at stock picking..you have to research and spend time... for robo advisor, its passive investing. u can learn from it too...how they structure your portfolio..so that if u want stock pick in future....u roughly know what to do.

I hope these help.

#planwithcolin​​​